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economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market
economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a...
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the question is the creation of washington of the fiscal cliff or a creation of your investors and bondholders across the world that look at you in the same light as europe some day. we all know that day isn't here. this is a lesson for the republican party, and i think it's a lesson we should all take. instead of when we look at all these programs, mark, where are we going to make cuts and how terrible is this going to be, we need to judge our concern and empat empathy, not by the money, something marco rubio and paul ryan talked about, by the outcomes, not how much we spend but what we get out of it. look at something how much money we throw at it we'll august suggest more, more, more. >> government does such a good job tracking outcomes. >> let's track the outcomes of tax loopholes so if we're going to evaluate outcomes it's important to evaluate the outcomes of tax loopholes. >> how quickly will all this felt? say they have a deal three weeks into the new year, that doesn't help you if you're trying to run an agency budget because you've got to make plans for january 2nd. >> agencies were
the question is the creation of washington of the fiscal cliff or a creation of your investors and bondholders across the world that look at you in the same light as europe some day. we all know that day isn't here. this is a lesson for the republican party, and i think it's a lesson we should all take. instead of when we look at all these programs, mark, where are we going to make cuts and how terrible is this going to be, we need to judge our concern and empat empathy, not by the money,...
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are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there
are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there
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gerri: is the writing on gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit downwn with republicans, he did ta to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tommcclintock of califnia. a member of the budget coittee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakth
gerri: is the writing on gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit downwn with republicans, he did ta to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tommcclintock of califnia. a member of the budget coittee. if you for joining us today. you know, we heard about this telephone call between...
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are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there in the flesh. whether a superhero or astronaut wannabe because we're down there with a live show with john mccain, chris van hollen, marco rubio, many others. at the white house, everywhere, because we figure this matters to you.
are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there in the flesh. whether a superhero or astronaut wannabe because we're down there with a live show with john mccain, chris van hollen, marco rubio, many others. at the white house, everywhere, because we figure this matters to you.
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we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a deliberate talk. >> the key is to make sure the taxes go up on the high end individuals like you and me, barbara. we can afford it. >> they're going to have to cave in on this rate increase on the rich. >> we're going to stay here right up until christmas eve. >> the time is running short. >> merry cliffmas. ♪ >>> bundle up, everybody. because it is cold out there. and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he h
we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a...
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. >>> back here at home, as the fiscal cliff standoff continues in washington, the president took his plan out of town to northern virginia, where he sat down with a middle class family to talk about the potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking what would happen if your family had to pay another $2,200 next year in taxes? 100,000 people responded, including that northern virginia family that the president met with yesterday. they said $2,200 for them is a couple months' rent. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: the other big issue here on capitol hill, raising the debt limit. the president wants a new authority. mitch mcconnell filibustered his own bill. the senate minority leader filibustered
. >>> back here at home, as the fiscal cliff standoff continues in washington, the president took his plan out of town to northern virginia, where he sat down with a middle class family to talk about the potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking...
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. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some
. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've...
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mike huckabee our pal has advice for the president on how to avoid taking us over that damn fiscal cliff. marijuana is legal in washington, soon to be legal in colorado. wait until you see what they are selling. would gun control really have saved the life of the woman killed by her football-playing boyfriend? all coming up. music: "make so" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> i'm trying to make sure that our voices are heard. there is is a lot of people that turned in ballots that they are not being counted
mike huckabee our pal has advice for the president on how to avoid taking us over that damn fiscal cliff. marijuana is legal in washington, soon to be legal in colorado. wait until you see what they are selling. would gun control really have saved the life of the woman killed by her football-playing boyfriend? all coming up. music: "make so" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make meone happy.♪ ♪make just...
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. >>> and now, we want to take you to washington to update you on the fiscal cliff tonight. 25 days from now, and today, something new. president obama and speaker of the house, john boehner, decided to take charge together. they dismissed other members of their parties, saying they will hammer it out together, try to move the deal forward. >>> and also today, encouraging new jobs report. employers added 146,000 jobs last month, defying the predictions and the disruption of hurricane sandy. the unemployment rate fell to 7.7%, that's the lowest level in four years. but tonight, 12 million americans are still unemployed. and the new jobs number, the fiscal cliff, all of it will be on the table when george stephanopoulos sits down with a turbocharged powerhouse round table. james carville, mary matalin and nobel prize-winning economist paul krugman, on sunday for "this week." >>> and now, we go overseas to syria, where people are fleeing amid fears that the assad regime will unleash chemical weapons. the region around the capital, damascus, now a battle zone. 2 million syrians now on the ru
. >>> and now, we want to take you to washington to update you on the fiscal cliff tonight. 25 days from now, and today, something new. president obama and speaker of the house, john boehner, decided to take charge together. they dismissed other members of their parties, saying they will hammer it out together, try to move the deal forward. >>> and also today, encouraging new jobs report. employers added 146,000 jobs last month, defying the predictions and the disruption of...
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. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many law
. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over...
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. >>> washington has gone silent over the fiscal cliff. most of our lawmakers have headed home. the left and the right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> it's not one of my favorite teams but it's really, really fun to watch and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow. he's a guy named mcelroy. he can't decide who their quarterback is going to be. that's the same problem of the republicans. >> wow. if you don't live in new york or follow football, the new york jets are a nfl team that is currently plagued by horrible things. embarrassing losses, infights and culminated the butt fumble on thanksgiving of sanchez. it -- yeah. it shows how grim it is for the new york jets since it's synonymous with infighting. the hometown paper slammed them. that was when they won. but this also shows how far the gop has fallen. since mitt romney's big loss
. >>> washington has gone silent over the fiscal cliff. most of our lawmakers have headed home. the left and the right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> it's not one of my favorite teams but it's really, really fun to watch and that's the new york jets. coach ryan. he's got a problem. he has three...
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align. >>> washington has gone scarily silent over the fiscal cliff. most have headed home and the left and right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the name of mcilroy. he can't decide who the quarterback is going to be. that's the same problem republicans are having. >> wow. for those of you who don't live in new york or follow football, the new york jets are an nfl team currently plagued by horrible things. infighting and embarrassing losses that culminating with mark sanchez's infamous butt fumble on thanksgiving. it shows how grim it is for the new york jets since their name is synonymous with failure and infighting. even when they won by a mechely point, their hometown pape
align. >>> washington has gone scarily silent over the fiscal cliff. most have headed home and the left and right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks....
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navy band. >>> all the talk about the fiscal cliff may seem like a far off debate over politics in washington, but the reality is if lawmakers and the president don't cut a deal by the end of the month, every american will feel the effects. here is cnn's lisa sylvester. >> reporter: at this restaurant in arlington, virginia, plenty of food and drink. but there's something else cooking up, worry. co-owner jonathan williams concerned about the pending government fiscal cliff. >> there's a real simple correlation. people have jobs, they spend money. if people are worried about losing their jobs or don't have a job, then they're not going to go out that much. they're going to cook at home or stay at home. >> reporter: just a couple miles from the pentagon, many of the patrons here work directly or indirectly for the defense department and its contractors. the defense industry is facing $55 billion in discretionary spending cuts next year. unless congress acts to avert the so-called fiscal cliff. in addition, several key tax benefits are scheduled to expire at the end of the year that will have a
navy band. >>> all the talk about the fiscal cliff may seem like a far off debate over politics in washington, but the reality is if lawmakers and the president don't cut a deal by the end of the month, every american will feel the effects. here is cnn's lisa sylvester. >> reporter: at this restaurant in arlington, virginia, plenty of food and drink. but there's something else cooking up, worry. co-owner jonathan williams concerned about the pending government fiscal cliff....
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should they stay in washington until the fiscal cliff is resolved? 87% of you said, yes, and 13% said no. log on to gerriwillis.com for the online question every weekday. finally, president obama is meeting with everybody these days other than republicans on the fiscal cliff like progressive members of the media, and by that, msnbc anchors like al sharpton, and he's the perfect guy to talk about taxes, part of the 2%, making $250,000 a year from the national action network, and earns money from msnbc, and he knows not how to pay taxes,. he has a million more in state taxes. that's just him. his group owes $800,000. this is not the first time he shortchanged uncle sam. twenty years ago, pleaded guilty
should they stay in washington until the fiscal cliff is resolved? 87% of you said, yes, and 13% said no. log on to gerriwillis.com for the online question every weekday. finally, president obama is meeting with everybody these days other than republicans on the fiscal cliff like progressive members of the media, and by that, msnbc anchors like al sharpton, and he's the perfect guy to talk about taxes, part of the 2%, making $250,000 a year from the national action network, and earns money from...
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the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking
the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate...
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fiscal cliff is not the answer. a bipartisan approach in washington to get it done. >> we need a deal. we need to rise above. we have fiscal cliff for what may happen at the end of the year. we need a term for what happens if we get back up. phil fiscal grinds, fiscal ladder. i don't know. >> thank you both for joining us. >>> so much for november's better than expected jobs numbers. the former head of president bush's council of economic advisers says the data may not be all it is cracked up to be. he's next. >>> and then later, laura tyson, former head of president clinton's council of economic advisers will weigh in on that and where things snand d.c. as we get closer to those automatic tax hikes and spending cuts. >>> plus, 401(k) is not okay. some news that might worry everyone who's banking on a 401(k) for their retirement. keep it here to find out more. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows
fiscal cliff is not the answer. a bipartisan approach in washington to get it done. >> we need a deal. we need to rise above. we have fiscal cliff for what may happen at the end of the year. we need a term for what happens if we get back up. phil fiscal grinds, fiscal ladder. i don't know. >> thank you both for joining us. >>> so much for november's better than expected jobs numbers. the former head of president bush's council of economic advisers says the data may not be...
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i'm just going to say it, fiscal cliff, i know, i know, you've heard it. you've heard enough of it, but after another week without progress in washington, the possibility of plunging off the ejd is edge is becoming more of a reality and that could mean real changes for real people. stephanie rule joins me live now to talk a little bit about this. good morning, stephanie, how are you? >> good morning, randi. i was just saying moments ago that i am very concerned about the fiscal cliff but tearing up over besse cooper and the 8-year-old twins from oklahoma. what a morning you're having. >> what a life she had. >> amazing. >> well, let's talk about the cliff now that your eyes are dry. i hope this doesn't bring you to tears -- >> not yet. >> 24 days and counting until that deadline. but for the average american, what will it look like if we go off the cliff? will it be better for anyone? this is a very stressful time. you know, people talk about the cliff like it's this major event, which it is, but almost like a y2k. what are things going to look like januar
i'm just going to say it, fiscal cliff, i know, i know, you've heard it. you've heard enough of it, but after another week without progress in washington, the possibility of plunging off the ejd is edge is becoming more of a reality and that could mean real changes for real people. stephanie rule joins me live now to talk a little bit about this. good morning, stephanie, how are you? >> good morning, randi. i was just saying moments ago that i am very concerned about the fiscal cliff but...
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in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task force. in a statement, the u.s. attorney noted that pot remains illegal, though, under federal law. >>> well, family and friends are remembering that navy s.e.a.l. who gave his life to rescue an american doctor in afghanistan. abc's senior foreign affairs correspondent martha raddatz has more on the life of this fallen warrior. >> reporter: nicolas checque was just 28 years old. but for much of the last decade he had been a navy s.e.a.l. the last five years, part of the elite s.e.a.l. team six. in iraq, afghanistan, wherever he was needed, checque carried out dangerous missions. just like the one that took his life on sunday. it was just before 3:00 a.m. when checque and his team, along with afghan comm
in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task force. in a statement, the u.s. attorney noted that pot remains illegal, though, under federal...
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the fiscal cliff is a pothole relative to the size of our government. the our problem is a spending problem, principally driven by entitlement spending growing at 6%, 7%, 8%. now i'm fearful under the president's economic policy, the new norm is 1.5% to 2% gdp growth. that math doesn't add up. >> that's the thing. if that was the new norm, if i were in there, i wouldn't want to raise taxes but i get your point. you're going to run the financial services committee, an extremely important post. just in brief, sir, i'm sure you've thought about dodd-frank. i just want to get your basic take. what does dodd-frank mean to the financial system and to the economy as you see it, as you ascend to this position of chairman? >> well, i think the regulatory burden is huge and what dodd-frank has done is, number one, not addressed the true route of the financial crisis of '08, which was a lot of federal policies, frankly, that con joeled and mandated financial institutions to loan money to people to buy homes that ultimately they couldn't afford to keep. i know they
the fiscal cliff is a pothole relative to the size of our government. the our problem is a spending problem, principally driven by entitlement spending growing at 6%, 7%, 8%. now i'm fearful under the president's economic policy, the new norm is 1.5% to 2% gdp growth. that math doesn't add up. >> that's the thing. if that was the new norm, if i were in there, i wouldn't want to raise taxes but i get your point. you're going to run the financial services committee, an extremely important...
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is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! ♪ gerri: big changes coming to tech giant ibm that may change tech giant ibm that may change the way you save for - ♪ 'cause people got me estioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. ♪ gerri: there is the story out there not getting a lot of atte
is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the...
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is on the looming fiscal cliff. president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in april and october as required by law. the white house wouldn't explain the last to us, the source says the federal agencies are in the process of pulling together that information. bret? >> bret: thank you. there are a lot of extremely happy people in washington state tonight at the stroke of midnight, hundreds lit up under the seatt
is on the looming fiscal cliff. president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by...
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yesterday federal reserve chair ben bernanke chastised washington saying the fiscal cliff is already bringing damage to americans. >> why is it that small business confidence dropped so sharply? why are the markets so volatile, even though we've not nn reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decision business creating uncertainty or creating pessimism. >> washington, wake up. you're hearing from bernanke, you're hearing from the american people. just get this done. finally, the president faced foreign policy flare-ups around the world this year. its aftermath eroded confidence in obama's overall foreign policy rating. public approval for the president has bounced back to pre-benghazi levels. 52% approve, 40% disapprove. his potential pick for secretary of state, she is taking on water. u.n. ambassador susan rice's personal rating upside down. first time we've ever tested her. a third of the voters say they don't know who she is. that's amazing that only a third of voters doesn't know who she is. among those w
yesterday federal reserve chair ben bernanke chastised washington saying the fiscal cliff is already bringing damage to americans. >> why is it that small business confidence dropped so sharply? why are the markets so volatile, even though we've not nn reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decision business creating uncertainty or creating pessimism. >> washington, wake up. you're hearing from bernanke,...
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then again, it could look like fiscal cliff part two. washington is washington, after all. telemundo jose diaz bullart lends his intelligence and wit to an increasingy horny topic. jose, it's wonderful to see you, as always. >> thank you, alex. what a pleasure. pleasure to see you. you know, it's interesting, alex. the folks that love -- i'm sorry. go ahead. >> oh, i was just going to say there has been this sense that everyone was going to settle under a rainbow and sit at the pot of gold and come up with comprehensive immigration reform, but now we are starting to see some fractures, some discussion that certain elements of the republican party are not going to be okay with a comprehensive immigration reform package. where do you stand on this? do you think that -- >> it's interesting. do think the process helped the gop among latino voters? >> no. no. it's interesting, alex, because the same people that love a tax amnesty hate apparently citizenship possibilities for 11 million people that have been here for many years. many of them have children and grandchildren born i
then again, it could look like fiscal cliff part two. washington is washington, after all. telemundo jose diaz bullart lends his intelligence and wit to an increasingy horny topic. jose, it's wonderful to see you, as always. >> thank you, alex. what a pleasure. pleasure to see you. you know, it's interesting, alex. the folks that love -- i'm sorry. go ahead. >> oh, i was just going to say there has been this sense that everyone was going to settle under a rainbow and sit at the pot...
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. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closure on the fiscal cliff. so everyone's afraid to take that stab in the dark and say, you know what? things look terrible. no matter how they paint the picture, things look slower in the next couple of quarters than they do right now. am i right? >> yeah. >> so global growth, you have everything coming in, global growth is going to be terrible. growth here around 2%, 2.5%. so people want to short the market, they're just so afraid to because every time they short it, it bounces right back. >> and it seems now with headlines, the markets don't seem to react. we had tim geithner yesterday saying, absolutely, we're willing to go over the fiscal cliff no reaction from the markets today. >> there's going to
. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closure on the fiscal cliff. so everyone's afraid to take that stab in the dark and say, you know what? things look...
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jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the sfotorm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris y christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it prob
jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the sfotorm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff,...
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did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any closer to a deal? chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was further confirmation of the fundamental outlines in the administration's strategy. one, rates have to go up. they're trying to break republicans on the issues of rates. although, they're not insisting that rates go all the way up to 39.6. you could see something in between. the second thing is they're taking a very hard line on the debt limit. the president said in remarks today to the business round table he has some cover from business on that because they don't want to see that limit that could be damaging to the u.s. credit raiting. the combination of those two things are the fundamental levers the administration is going to try to use to force republicans to compromise. then the compromising from the administration will come on the issues of entitlements, medicare, social security is, and medicaid. >> all right, jauohn. th
did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any closer to a deal? chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was further confirmation of the fundamental outlines in the administration's strategy. one, rates have to go up. they're trying to break republicans on the issues of rates. although, they're not insisting that rates go all the way up...
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we have to love the fiscal cliff. the leaders i talked to today know their actions will take us over a cliff. i understand there is now perception among the media. the no tax increase republican ares regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the garrets are over there. got a question either people don't know about the cliff or they believe that the deal will be done. and they that they have fulfilled the nor quist pledge. where were the republicans when they cut taxes from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons programs that don't fit in the terror
we have to love the fiscal cliff. the leaders i talked to today know their actions will take us over a cliff. i understand there is now perception among the media. the no tax increase republican ares regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough...
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on the fiscal cliff. the nasdaq continues to be dragged down by apple. >> apple's had a tough week. we'll get into that coming up. we're still looking for a deal on capitol hill, surprise, surprise. all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction back in th
on the fiscal cliff. the nasdaq continues to be dragged down by apple. >> apple's had a tough week. we'll get into that coming up. we're still looking for a deal on capitol hill, surprise, surprise. all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now,...
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you know, we are talking in washington about the fiscal cliff and raising taxes on the wealthy. taxes on the wealthy are going to go up january 1st regardless what happens with the fiscal cliff. the medicare tax on higher earnersers is going up and a steep tax on investment income. >> going up 3.8% on top of it. so the rich people who have -- who are high earners, their income will probably go up. and then they also, if they have investment income, it goes up 3.8% so they are paying more that way, and they are paying more on a medicare tax. so the democrats say the rich aren't paying more. and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have lobbyists and
you know, we are talking in washington about the fiscal cliff and raising taxes on the wealthy. taxes on the wealthy are going to go up january 1st regardless what happens with the fiscal cliff. the medicare tax on higher earnersers is going up and a steep tax on investment income. >> going up 3.8% on top of it. so the rich people who have -- who are high earners, their income will probably go up. and then they also, if they have investment income, it goes up 3.8% so they are paying more...
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let love shine. >>> act three of the fiscal cliff theater piece begins today. it is wednesday, december 5th, and this is "now." >>> joining me today benjamin wallace wells of "new york" magazine, the "washington post's" melinda headenberger, msnbc political analyst and former dnc communications director karen finney and senior national correspondent for bloomberg business week josh green. round three has begun. two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
let love shine. >>> act three of the fiscal cliff theater piece begins today. it is wednesday, december 5th, and this is "now." >>> joining me today benjamin wallace wells of "new york" magazine, the "washington post's" melinda headenberger, msnbc political analyst and former dnc communications director karen finney and senior national correspondent for bloomberg business week josh green. round three has begun. two days after the republican fiscal...
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a greater understand we need to sit down and work together and avoid this fiscal cliff. >> debbie, always a pleasure. good to see you. let's bring in lori montgomery for "the washington post," democratic strategy blake zeff. we decided to focus on this today. lori, let me start with you. both house leaders today, it really seems as if talks are -- it seems they're at a standstill, but our first read team is convinced a deal is in sight. we heard from debbie wasserman schultz she heard a deal is in sight. what are you hearing? >> you can see what the framework of a deal is, and i think today you heard speaker boehner. his office tried to walk it back, but for the first time he made public remarks where he didn't rule out an increase in tax rates. you have to wonder if they don't start to move towards a resolution it to what has been the big stumbling point. >> zachary, she mentioned an increase in rates. it would seem that the magic number might be 37%. the president said 39.5% for the highest income earners. right now we're at 35%. maybe i'm oversimplifying, but the obvious compromise wou
a greater understand we need to sit down and work together and avoid this fiscal cliff. >> debbie, always a pleasure. good to see you. let's bring in lori montgomery for "the washington post," democratic strategy blake zeff. we decided to focus on this today. lori, let me start with you. both house leaders today, it really seems as if talks are -- it seems they're at a standstill, but our first read team is convinced a deal is in sight. we heard from debbie wasserman schultz she...
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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with...
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of course, everyone waiting on the fiscal cliff here in washington. have yourself a very merry christmas. they did a great job. tracy: we have to get that on air. ashley: great voice, also. thank you. see you in 15 minutes. tracy: president obama focusing on keeping the entire country from going over the fiscal cliff. one person directly asking the president for a bailout. gerri willis has the latest. gerri: she says they are owed. wayne county voted 75% for the president. listen to this. >> our people, overwhelmingly, supported the president. there ought to be a pro- flow. you exercise leadership on that. gerri: she went on to say that you go to washington and come back with the bacon. that is what you do, she says. [talking over each other] gerri: people have to watch this clip. tracy: it dumbfounded me that people in america think this way. ashley: she is basically saying they'll out the city. gerri: the city is in desperate financial trouble. worried they cannot make payroll this month. we will have the city council on the show tonight. in the bac
of course, everyone waiting on the fiscal cliff here in washington. have yourself a very merry christmas. they did a great job. tracy: we have to get that on air. ashley: great voice, also. thank you. see you in 15 minutes. tracy: president obama focusing on keeping the entire country from going over the fiscal cliff. one person directly asking the president for a bailout. gerri willis has the latest. gerri: she says they are owed. wayne county voted 75% for the president. listen to this....
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the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of you
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal...
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>>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go further than they've already gone and they are winning this argument in terms of public opinion. so, another possibility for a shakeup is for republicans to some how give ground and we'll see whether that happens on decoupling top tax rates, 98% of american families. we're going to have to see what h
>>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in...
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. >> sean: coming up, the fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax suicide straight ahead. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. t
. >> sean: coming up, the fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax suicide straight ahead. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice...
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paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good idea? >> i think it is a good idea. >> if you look at the accounts of the negotiations of 2011 when you had boehner, mcconnell, nancy pelosi all in one ba bainer and the president who were on the phone meeting privately. they could go fwook their constituents and boehner could go to eric cantor and see what kind of deal they could get. but that was the dynamic that came the closest. >> they didn't have control of their parties basically right? does john boehner have more control? >> they think obama can get anything through the house of representatives. but everything that has happened since the election all of the moves in the republican caucus have been about boehner consolidating control over that tea party caucus that didn't allow boehner to get a deal in 2011. >> there will be some criticism about it being two people
paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good idea? >> i think it is a good idea. >> if you look at the accounts of the negotiations of 2011 when you had boehner, mcconnell, nancy pelosi all in one ba bainer and the president who were on the phone meeting privately....